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3,850 Posts.
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24/02/18
13:12
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Hypothetically if BIG only accept monthly subs and no financed customers for March qtr what happens Under the facility
Assume a 40 conversion of advances from previous quarter
Wouldn’t 40% of the sponsorship revenue drop to BIG so deferred revenue for the $46m would be legit.
The other 60% $26m would need to be repaid
FCC already would have 60% in security $12m so cash on hand in security and will reduce by this amount
They have $11m in BRTV and BIG
As I suggested wouldn’t they just raise $15m which would leave them with a working capital facility of $10m
Growth may slow but at least there would be better transparency of where the actual business sits
Have I understood that right
Cheers
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